You have no guarantee that your wife will inherit the farm till it actually happens. Your father-in-law could have a lingering/catastrophic illness or event that would take it all, etc.
Also, he could simply pull the rug out from under you, like my FIL did me. I was farming the family farm from my side of the family as a sideline, and always assumed when my FIL quit farming I'd have first shot at taking over his operation and combining the two farms into one full time deal.
One day when he was 70, my FIL simply walked in, announced he'd decided to retire and had leased the farm to one of the neighbors. So much for my plans. The cold, hard fact is that until your FIL dies, the farm is his to do with as he pleases. And he could outlive you.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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